That was a good article. I never jumped on the Bitcoin bandwagon. I do believe Bitcoin can drop to zero and no matter what governments do they will never be able to eliminate forms of currency like gold & silver. I think Bitcoin could have been created to trick people into not buying gold and silver late in the fiat paper currency game. Bitcoin is digital and can be wiped out pretty easily. Bitcoin can fall to $0.00 in the markets but gold & silver will never follow suit. In fact if Bitcoin became worthless over night which it practically is I think gold & silver will do the opposite in a time of national emergency.

This statement from the article... "With that as a starting point, it’s now becoming increasingly evident that Bitcoin may be a creation of the NSA and was rolled out as a “normalization” experiment to get the public familiar with digital currency." Perhaps it was but maybe it wasn't. Only a small percentage of people around the world even use Bitcoin whereas a lot of people probably don't trust Bitcoin. If the government wanted to ensure that there is mass participation of a cryptocurrency that competes with the national currency of a particular state then their design is flawed as well as the target population/audience. It would seem that if they really wanted to affect most of the population by crashing Bitcoin in an engineered way they should have made sure that the man and woman on the street can participate in the fervor. Now it's to late because the pseudo price has gone up.

All in all it's a game engineered by fucking bankers who want to swindle the public. I wonder what kind of headlines would be on the news if the people on the street started buying up gold & silver and gave the middle finger to all these cryptocurrencies and Wall St. bankers. The powers that be may end up trying to ban gold & silver a lot sooner rather than later.

upstager of bitcoin

Bank Critique Is Correct

"'Put in the simplest terms, the quest for decentralised trust has quickly become an environmental disaster.'"

"[Hyun Song] Shin, [Head of Research at Bank of International Settlements], also argued that network congestion can stall digital currency transactions for hours and warned that 'trust can evaporate at any time because of the fragility of the decentralised consensus through which transactions are recorded.'"

"'Not only does this call into question the finality of individual payments, it also means that a cryptocurrency can simply stop functioning, resulting in a complete loss of value.'"

"'Without users, it would simply be a worthless token. That’s true whether it’s a piece of paper with a face on it, or a digital token,' [Shin] said, comparing virtual coins to baseball cards or Tamagotchi.

"The dependency of users on so-called miners to record and verify crypto transactions is also flawed, according to the BIS, requiring vast and costly energy use."

It's the Year 2020

I'll admit that I was wrong on Bitcoin but John McAfee has a bigger problem than I.

​The outspoken tech mogul has now said:

“When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bitcoin at $1 mln by the end of 2020. I will still eat my dick if wrong.”

I'll admit that I was wrong on Bitcoin but John McAfee has a bigger problem than I.

​The outspoken tech mogul has now said:

“When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bitcoin at $1 mln by the end of 2020. I will still eat my dick if wrong.”